A broader customer base is being cited as a key contributor to substantially higher earnings at Saskatchewan’s Crown corporations last year.
The annual report from the Crown Investments Corporation shows consolidated net earnings of 342-million dollars for a 15-month period ending March 31st — up from 179-million dollars the year before.
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As a result, C-I-C was able to make a 297-million-dollar dividend payment to the province’s General Revenue Fund.
Minister responsible Don McMorris says in a statement that the Crown corporations were able to manage factors such as the weather, commodity prices and infrastructure renewal to bring about a positive earnings picture.